Ladbrokes Coral : Form 8.3 -

Jefferies International Limited.

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the 'Code')

1. KEY INFORMATION

(a) Full name of discloser:	Jefferies International Limited
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.	N/A
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	Ladbrokes Coral Group Plc
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:	N/A
(e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure	29th December 2017
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state 'N/A'	Yes, GVC Holdings plc

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	5,454	0.0003
(2) Cash-settled derivatives:	29,800,000	1.5552	29,805,454	1.5555
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL:	29,805,454	1.5555	29,805,454	1.5555

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors' and other employee options)

Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:

3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

Class of relevant security	Purchase/sale	Number of securities	Price per unit
Ords	Buy Buy Buy Buy Buy Buy Buy Sell	24,777. 44,564. 32,850. 23,896. 105,014. 37,394. 110,095. 378,590.	GBX 181.75 GBX 181.80 GBX 181.85 GBX 181.90 GBX 181.95 GBX 182.00 GBX 182.05 GBX 181.9778

(b) Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit

(ii) Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security	Nature of dealing e.g. subscription, conversion	Details	Price per unit (if applicable)

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state 'none'

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state 'none'

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:	02/01/2018
Contact name:	Robin Greenwood
Telephone number:	020 7029 8595

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on [phone].

The Code can be viewed on the Panel's website atwww.thetakeoverpanel.org.uk.

3. (a) Purchases and sales
Date of dealings	Class of relevant security	Purchase/Sale	Number of securities	Price per unit
12/12/2017	Ords	Buy	10,650,000.	GBX	170.255
12/12/2017		Buy	2,000,000.	GBX	172.9085
12/12/2017		Buy	20,000.	GBX	173.10
12/12/2017		Buy	1,000,000.	GBX	173.1719
12/12/2017		Buy	600,000.	GBX	173.2846
12/12/2017		Buy	1,000,000.	GBX	173.4798
12/12/2017		Buy	900,000.	GBX	173.9181
12/12/2017		Buy	750,000.	GBX	173.9699
12/12/2017		Sell	102,499.	GBX	172.80
12/12/2017		Sell	1,800,000.	GBX	173.00
12/12/2017		Sell	159,001.	GBX	173.00
12/12/2017		Sell	94,787.	GBX	173.10
12/12/2017		Sell	64,303.	GBX	173.20
12/12/2017		Sell	44,840.	GBX	173.30
12/12/2017		Sell	48,287.	GBX	173.40
12/12/2017		Sell	43,328.	GBX	173.50
12/12/2017		Sell	49,998.	GBX	173.60
12/12/2017		Sell	81,915.	GBX	173.70
12/12/2017		Sell	38,045.	GBX	173.80
12/12/2017		Sell	124,130.	GBX	173.90
12/12/2017		Sell	15,524.	GBX	173.95
12/12/2017		Sell	606,551.	GBX	174.00
12/12/2017		Sell	152,917.	GBX	174.10
12/12/2017		Sell	57,557.	GBX	174.20
12/12/2017		Sell	20,108.	GBX	174.30
12/12/2017		Sell	25,319.	GBX	174.40
12/12/2017		Sell	12,709.	GBX	174.50
12/12/2017		Sell	14,210.	GBX	174.60
12/12/2017		Sell	9,811.	GBX	174.70
12/12/2017		Sell	3,306.	GBX	174.80
12/12/2017		Sell	855.	GBX	174.90
13/12/2017	Ords	Buy	343,725.	GBX	170.97
13/12/2017		Buy	2,200,000.	GBX	171.171
13/12/2017		Sell	11,250.	GBX	171.10
13/12/2017		Sell	18,180.	GBX	171.20
13/12/2017		Sell	4,329.	GBX	171.30
13/12/2017		Sell	4,144	GBX	171.40
13/12/2017		Sell	28,366.	GBX	171.50
13/12/2017		Sell	22,161.	GBX	171.60
13/12/2017		Sell	12,740.	GBX	171.70
13/12/2017		Sell	14,500,000.	GBX	172.80
14/12/2017	Ords	Sell	6,405	GBX	170.60
14/12/2017		Sell	7,410	GBX	170.70
14/12/2017		Sell	981.	GBX	170.80
15/12/2017	Ords	Buy	7,270.	GBX	171.00
15/12/2017		Buy	5,425	GBX	170.20
15/12/2017		Buy	7,260	GBX	170.40
15/12/2017		Buy	20,809	GBX	170.50
15/12/2017		Buy	27,456	GBX	170.60
15/12/2017		Buy	38,507	GBX	170.70
15/12/2017		Buy	94,942	GBX	170.80
15/12/2017		Buy	2,748	GBX	170.85
15/12/2017		Buy	91,571	GBX	170.90
15/12/2017		Buy	987	GBX	170.95
15/12/2017		Buy	254,340	GBX	171.00
15/12/2017		Buy	4,746	GBX	171.05
15/12/2017		Buy	114,117	GBX	171.10
15/12/2017		Buy	3,708	GBX	171.15
15/12/2017		Buy	98,835	GBX	171.20
15/12/2017		Buy	972	GBX	171.25
15/12/2017		Buy	34,669	GBX	171.30
15/12/2017		Buy	40,483	GBX	171.40
15/12/2017		Buy	44,122	GBX	171.50
15/12/2017		Buy	2,637	GBX	171.55
15/12/2017		Buy	20,534	GBX	171.60
15/12/2017		Buy	17,451	GBX	171.70
15/12/2017		Buy	18,171	GBX	171.80
15/12/2017		Buy	48,240	GBX	172.00
15/12/2017		Buy	1,177,174.	GBX	171.1072
15/12/2017		Sell	72,171	GBX	170.90
15/12/2017		Sell	33,880	GBX	170.95
15/12/2017		Sell	252,817	GBX	171.00
15/12/2017		Sell	27,415	GBX	171.05
15/12/2017		Sell	479,790	GBX	171.10
15/12/2017		Sell	13,788	GBX	171.15
15/12/2017		Sell	291,097	GBX	171.20
15/12/2017		Sell	19,377	GBX	171.30
15/12/2017		Sell	16,267	GBX	171.40
15/12/2017		Sell	3,600	GBX	171.45
15/12/2017		Sell	1,032	GBX	171.50
15/12/2017		Sell	4,359	GBX	171.70
15/12/2017		Sell	54,245.	GBX	171.245
15/12/2017		Sell	1,000,000.	GBX	171.279
18/12/2017	Ords	Buy	196,810.	GBX	172.80
18/12/2017		Buy	553,190.	GBX	172.558
18/12/2017		Buy	734.	GBX	172.40
18/12/2017		Buy	36,826.	GBX	172.40
18/12/2017		Buy	30,165.	GBX	172.40
18/12/2017		Buy	1,123.	GBX	172.40
18/12/2017		Buy	825.	GBX	172.40
18/12/2017		Buy	825.	GBX	172.40
18/12/2017		Buy	10,371.	GBX	172.40
18/12/2017		Buy	4,219.	GBX	172.40
18/12/2017		Buy	8,760.	GBX	172.30
18/12/2017		Buy	2,269.	GBX	172.40
18/12/2017		Buy	3,241.	GBX	172.40
18/12/2017		Buy	426.	GBX	172.40
18/12/2017		Buy	4,380.	GBX	172.30
18/12/2017		Buy	1,500.	GBX	172.50
18/12/2017		Buy	14,679.	GBX	172.50
18/12/2017		Buy	3,821.	GBX	172.50
18/12/2017		Buy	1,741.	GBX	172.60
18/12/2017		Buy	8,546	GBX	171.60
18/12/2017		Buy	19,905	GBX	171.70
18/12/2017		Buy	8,889	GBX	171.80
18/12/2017		Buy	13,728	GBX	171.90
18/12/2017		Buy	34,220	GBX	172.00
18/12/2017		Buy	28,253	GBX	172.10
18/12/2017		Buy	17,703	GBX	172.20
18/12/2017		Buy	15,810	GBX	172.30
18/12/2017		Buy	53,779	GBX	172.40
18/12/2017		Buy	57,771	GBX	172.50
18/12/2017		Buy	26,989	GBX	172.60
18/12/2017		Buy	13,196	GBX	172.70
18/12/2017		Buy	11,326	GBX	172.80
18/12/2017		Buy	23,458	GBX	172.90
18/12/2017		Buy	19,370	GBX	173.00
18/12/2017		Sell	1,250,000.	GBX	172.70
18/12/2017		Sell	17,828.	GBX	173.00
18/12/2017		Sell	15,336.	GBX	173.00
18/12/2017		Sell	890.	GBX	173.20
18/12/2017		Sell	60,909	GBX	173.00
18/12/2017		Sell	5,013	GBX	173.10
18/12/2017		Sell	13,967	GBX	173.20
19/12/2017	Ords	Sell	2,300,000	GBX	171.50
20/12/2017	Ords	Buy	1,210	GBX	173.20
20/12/2017		Sell	1,210	GBX	173.20
21/12/2017	Ords	Buy	74,458.	GBX	174.301
21/12/2017		Sell	16,796.	GBX	173.90
21/12/2017		Sell	10,933.	GBX	174.00
21/12/2017		Sell	7,847.	GBX	174.10
21/12/2017		Sell	4,916.	GBX	174.15
21/12/2017		Sell	2,946.	GBX	174.65
21/12/2017		Sell	31,020.	GBX	174.75
22/12/2017	Ords	Buy	14,694.	GBX	174.60
22/12/2017		Buy	134,182.	GBX	175.00
22/12/2017		Buy	5,593.	GBX	175.20
22/12/2017		Buy	88,419.	GBX	175.90
22/12/2017		Buy	42,845.	GBX	175.95
22/12/2017		Buy	63,667	GBX	175.95
22/12/2017		Buy	33,541.	GBX	176.00
22/12/2017		Buy	4,134	GBX	176.50
22/12/2017		Buy	32,837.	GBX	176.5422
22/12/2017		Buy	12,384	GBX	176.55
22/12/2017		Buy	6,300.	GBX	176.60
22/12/2017		Buy	50,354	GBX	176.65
22/12/2017		Buy	11,050	GBX	176.70
22/12/2017		Sell	500,000.	GBX	175.375
27/12/2017	Ords	Buy	91,117.	GBX	178.4133
27/12/2017		Buy	166,590.	GBX	176.95
27/12/2017		Sell	166,590.	GBX	176.9854
27/12/2017		Sell	112.	GBX	178.70
27/12/2017		Sell	996.	GBX	178.70
27/12/2017		Sell	775.	GBX	177.50
27/12/2017		Sell	209.	GBX	178.50
27/12/2017		Sell	744.	GBX	178.60
27/12/2017		Sell	2,532	GBX	177.40
27/12/2017		Sell	916	GBX	177.50
27/12/2017		Sell	2,620	GBX	177.60
27/12/2017		Sell	3,432	GBX	177.70
27/12/2017		Sell	762	GBX	177.80
27/12/2017		Sell	5,025	GBX	177.90
27/12/2017		Sell	1,771	GBX	178.00
27/12/2017		Sell	6,182	GBX	178.10
27/12/2017		Sell	6,874	GBX	178.20
27/12/2017		Sell	6,145	GBX	178.30
27/12/2017		Sell	5,914	GBX	178.40
27/12/2017		Sell	7,763	GBX	178.50
27/12/2017		Sell	10,240	GBX	178.60
27/12/2017		Sell	7,392	GBX	178.70
27/12/2017		Sell	5,807	GBX	178.80
27/12/2017		Sell	2,533	GBX	178.90
27/12/2017		Sell	2,790	GBX	179.00
27/12/2017		Sell	2,400	GBX	179.10
27/12/2017		Sell	860	GBX	179.20
27/12/2017		Sell	1,789	GBX	179.30
27/12/2017		Sell	4,534	GBX	179.40

3. (b) Cash-settled derivative transactions

Date of dealings	Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
12/12/2017	Ords	Swap	Increase a Long	1,800,000	GBX 173.00
		Swap	Increase a Short	15,150,000	GBX 171.1354
13/12/2017	Ords	Swap	Increase a Long	14,500,000	GBX 172.80
		Swap	Increase a Short	2,200,000	GBX 171.171
19/12/2017	Ords	Swap	Increase a Long	2,300,000	GBX 171.50